Terry Xiao Blog

Why do people sell properties using lease options? There is a reason that some of the most successful real estate investors use the lease option technique.

No Down Payment: I know what you’re thinking, “I would never offer such a thing!” You don’t have to. As a real estate investor rich in tools to find motivated sellers, you could get your next home using this lease option technique with no money down. You don’t have to tell the seller that an option fee may be customary!

Principle Pay Down: If an option is accompanied by a lease the possibilities are greater for increased equity build up. By applying a portion of the monthly lease payment amount to the purchase price of the property one has the opportunity to widen the gap between the market value and the loan amount. Depending on whether the monthly rent amount is inline with market rates…this is free money! A 30-year amortized, $100,000 loan at 7% begins at approximately $82 per month of principle payments. A $100 per month rent credit beats that, dollar for dollar, every month for almost 3 years!  Read more...

Before a doctor diagnoses a specific disease, his patient must undergo a series of laboratory exams and assessments. He has to know the history of his patient and how lifestyle affected his present health problem. As results come in, that would be an indication of the time when a physician gives specific drugs and therapies for maintenance. This will eventually contribute to the level of optimum health for that individual. If all else fails, the process will be repeated again.

Similar to what the abovementioned situation has stated, an entrepreneur’s responsibility would be pretty much the same. It’s just that, he should see his customers as his patients and what they must have to survive a present predicament or a need. He must follow certain steps before doing anything irrational that could contribute to the downfall of his business. He should have certain characteristics innate in his personality for if he lacks one of these, he’s most probably doomed to fail.

Entrepreneurship is collectively defined as exhibiting one’s vision, taking action, and pursuing that vision as a goal to be achieved in life as service to reality. In the meaningless definition, it’s getting your butt out of that couch and doing something rather than fulfilling your life’s destiny of being a couch potato. Stated below are some of the distinct attitudes an entrepreneur should positively have:  Read more...

Sometimes referred to as a paycheck advance, payday loans are short-term loans that are designed to provide the borrower with immediate cash in exchange for a promise to repay the loan on your next payday. Typically, these types of loans do not require a credit check and are, therefore, ideal for many who have little or poor credit. What is more important, however, is a steady job with a guaranteed paycheck. As such, payday loans are not usually approved for individuals who are self-employed or who have unpredictable/sporadic work schedules.

If you are approved for a payday loan, you will most likely be given cash in exchange for your postdated check that reflects the amount of the original loan plus interest. Typically, the lender will cash the check on the day of the applicant’s next payday unless other arrangements are made. An example would be if the payday lender were to offer the borrower an opportunity to refinance the loan instead of having their check cashed. For an additional fee and interest, many payday lenders will grant this option for their customers.  Read more...